FM Capital
Canvas Category Consultancy : Company : Venture Capital
FM Capital is a leading automotive-focused investment firm. We are an investment firm dedicated to creating value for our investors, entrepreneurs, and the communities in which we live. We identify trends and partner with teams who are both reinventing the movement of people and goods as well as redefining how transportation services are delivered and consumed. We are professionals with deep experience in investing in, operating, and exiting successful companies across the transportation industry.
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Holman Acquires a Minority Stake in FM Capital
FM Capital, a venture capital firm focused on early-to-mid stage technology companies transforming the automotive and transportation industries, announces that Holman, a global automotive services leader, has acquired a minority interest in FM Capital. This is the first time an integrated automotive services organization has acquired a general partner interest in an automotive VC.
Viaduct Raises $10 Million in Series B Funding Round
Viaduct, a developer of pioneering AI technology that identifies, solves and predicts product failures, announces the close of a $10 million Series B funding. The round was led by FM Capital, a venture capital firm which invests in the people and technologies that are transforming the automotive and transportation industries. FM Capital was joined by Innovation Endeavors, Exor Ventures, Stellantis Ventures and Sumitomo Rubber.
The company will use the proceeds to accelerate both business development and deployments for its solution that helps customers improve product quality, boost customer satisfaction and drive operational efficiency. Viaduct’s patented TSI Engine is the only AI-powered solution that intelligently and automatically analyzes thousands of variables hidden in terabytes of data to discover patterns of health, defects and performance in products across a wide range of industries.
Orbee Announces $4M Series A Funding from FM Capital
Orbee, Inc., a leading technology service provider for the automotive industry, announced the closing of its oversubscribed Series A financing round, which raised $4.0 million to drive growth of the company’s innovative platform for the auto retailing ecosystem including dealership groups and their technology and service providers.
The round was led by the automotive and transportation venture firm FM Capital, with participation from existing anchor investors Holman Enterprises, Flow Automotive Companies and Pohanka Automotive Group.
Outrider raises $73 million Series C financing to accelerate the adoption of autonomous distribution yard operations
Outrider, the pioneer in autonomous yard operations for logistics hubs, today announced it closed $73 million in Series C financing led by FM Capital. New investors include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and NVentures, NVIDIA’s venture capital arm. Existing investors participating in the round include Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA). Outrider has raised $191 million in financing to date based on its technical leadership in autonomous systems for distribution yards.
Outrider will use this funding to expand its proprietary autonomy and safety technology portfolio, increase hiring domestically and internationally, and scale its yard automation solution with large customers in package shipping, retail, eCommerce, consumer packaged goods, grocery, manufacturing, and intermodal industries. Outrider’s customers, representing more than 20% of all yard trucks operating in N. America, have invested in joint product testing and pilot operations since 2019.